March 15, 2024 is the final date one can add steadiness to their Paytm Funds Financial institution FASTag, as per a Reserve Financial institution of India (RBI) directive. And after you end this steadiness, you’ll not be to make use of your Paytm FASTag publish March 15. To assist customers of Paytm FASTag, Paytm Funds Financial institution has issued a recent set of FAQs. Here’s what it states.

Additionally learn: Is your Paytm FASTag account closed? How you can test Paytm FASTag standing

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FASTag issued by Paytm Funds Financial institution
I’ve a FASTag issued by Paytm Funds Financial institution. Can I proceed to make use of it to pay toll after March 15, 2024?

The Reserve Financial institution of India (RBI) has issued a directive limiting Paytm Funds Financial institution from accepting new deposits or permitting credit score transactions after March 15, 2024. Nevertheless, you may proceed to make use of your FASTag to pay at enabled toll and parking retailers’ as much as the accessible steadiness in your pockets. Moreover, no additional funding or high ups shall be allowed within the FASTags issued by Paytm Funds Financial institution after March 15, 2024. It’s prompt that you simply procure a brand new FASTag issued by one other financial institution earlier than March 15, 2024 to keep away from any inconvenience.

The directive doesn’t impression your current balances and your cash is secure with our Financial institution.

I’ve a FASTag issued by Paytm Funds Financial institution. Can I recharge the steadiness after March 15, 2024?

The Reserve Financial institution of India (RBI) has issued a directive limiting Paytm Funds Financial institution from accepting new deposits or permitting credit score transactions after March 15, 2024. Therefore, you will be unable to top-up or recharge your FASTag issued by Paytm Funds Financial institution.Additionally learn: Many Paytm FASTag customers going through points closing account, complain on social media; can you shut your Paytm FASTag?

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You possibly can procure a brand new FASTag issued by one other financial institution earlier than March 15, 2024, to make sure a easy transition and keep away from any inconvenience.

Can I switch the steadiness from my previous FASTag issued by Paytm Funds Financial institution to a brand new FASTag obtained from one other Financial institution?

Credit score steadiness switch characteristic just isn’t accessible within the FASTag product. Due to this fact, you’ll have to shut your previous FASTag issued by Paytm Funds Financial institution and request for any relevant refund by contacting our buyer care.

What are the steps to shut the Paytm Funds Financial institution FASTag?

You possibly can shut the Paytm Funds Financial institution FASTag through the Paytm App by following the under talked about steps:

  • Open Paytm App and seek for “Handle FASTag” in Search Menu.
  • “Handle FASTag” part will listing all of the autos linked to Paytm Funds Financial institution Fastag.
  • Please select “Shut FASTag possibility” on the highest proper part of the web page
  • Choose the automobile for which you wish to shut the FASTag
  • Click on Proceed and you will notice affirmation message in your display screen

Your FASTag shall be closed inside 5-7 working days. Relevant Safety deposit and minimal steadiness maintained for PPBL FASTag shall be refunded to your Paytm Funds Financial institution Pockets publish closure.

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